The purpose of this paper is to formalize the choices of market entry strategy (Export Vs Greenfield investment Vs Cross border M&A) and the target selection (Acquisition of high-productivity firm or low-productivity one) for a foreign firm, and to delineate the relationship between foreign...

We consider firms perfectly symmetrical on production costs in the pre-merger game but the cost of the merged entity may be amended due to the anti-competitive effects of the merger. The lack of empirical precision concerning the effect of the merger on production costs (Scherer, 1980 or Tichy,...

This paper investigates the link between export survival of agri-food products and financial development. Our hypothesis is that financial developement differentially affects the survival of exports across products based on their need of external finance. We propose a test for the role of...

Under the the assumption that income y is a power function of its rank among n individuals, we approximate the coefficient of variation and gini index as functions of the power degree of the Pen's parade. Reciprocally, for a given coefficient of variation or gini index, we propose the analytic...

In this paper we deal with a utility maximization problem at finite horizon on a continuous-time market with conical (and time varying) constraints (particularly suited to model a currency market with proportional transaction costs). In particular, we extend the results in Campi and Owen (2011)...

Using a recent household survey conducted in Senegal, I examine the impact of negative and positive income shocks on departures from and entries in the household. I focus on differences in responses to shocks across the urban and rural sectors as well as age and gender groups. Striking...

In the economic literature it is generally found that trade openness affects environment through various channels. While the mechanisms through which trade is associated with pollution are largely investigated theoretically and empirically, the role played by each trade component has not yet...

I develop a simple dynamic model of reputation-based transactions between a buyer in one country and a supplier in another. I use the model to study the impact of a more stringent regulation on the buyer optimal purchase volume within an existing buyer-seller partnership. A more stringent...

This paper provides an ex-post analysis of the impact of trade liberalization in Vietnam between 1993 and 1998, taking into account regional differences. First, a price pass-through analysis is performed to measure how trade liberalization influence provincial prices. These results are plugged...

We model signalling in two-sided sequential search with heterogeneous agents and transferable utility. Search via meetings is time-consuming and thereby costly due to discounting. Search via signals is costless, so that agents can avoid almost all search costs if only the signals are truthful....